UPDATE: May 7, 2024: The Federal Trade Commission’s noncompete ban is set to take effect Sept. 4, according to the rule as published in the Federal Register Tuesday. The Federal Trade Commission voted 3-2 Tuesday to issue a final rule that would prohibit the enforcement of most noncompet...
Update: The FTC voted on Tuesday toban noncompete agreementsfor all U.S. workers. Companies with existing noncompetes for senior executives can keep those agreements in place, but new noncompetes with those executives will be banned after the final rule’s effective date. ...
On August 20 a Texas federal court issued a nationwide injunction blocking the Federal Trade Commissions FTC final rule on noncompetes that would have been effective
A Texas federal district court has barred the Federal Trade Commission’s (FTC) ban on most non-competition agreements (“non-competes”) slated to take effect on September 4, 2024, as previouslyreported. This decision halts the quickly approaching requirement for employers to cease the use of ...
The Final Rule contains an exemption for noncompetes “entered into by a person pursuant to a bona fide sale of a business entity, of the person’s ownership interest in a business entity, of all or substantially all of a business’s entity’s operating assets.” It also exempts causes of...